Possible Sale

August 4, 1986|By Susan G. Strother

ST. PETERSBURG — Staring at lower earnings, Milton Roy Co. of St. Petersburg said it may sell its Portland Valve Inc. subsidiary. The company has hired investment bankers Kidder Peabody & Co. Inc. to evaluate the sale. Milton Roy said it earned $487,000, or 12 cents a share, in its latest fiscal quarter, compared with earnings of $648,000, or 16 cents a share, in the year-ago period.